Yellen: I Need To See Further Improvements Before Raising Rates

Yellen said, I need to see further improvements in the labor market before we begin to raise interest rates. Before we begin the first interest rate hike. In order for that to happen Janet Yellen is going to have to see more improvement in the labor market. If she really was planning on raising rates in September, that is in 3 months, how much improvement in the labor market does Janet Yellen really believe is going to occur in the next 3 months? I can`t imagine very much.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Yellen: If The Economy Is Not As Strong As We Think...

Janet Yellen said in the Q&A that if the economy is not as strong as we think, then the interest rate hikes will have to come later, and they will have to be even less than we planned.

Related ETFs: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Entrepreneurship Is At Generational Lows Right Now

Entrepreneurship is at generational lows right now in the United States. Yes, you hear the stories of somebody that starts a social media company and becomes a billionaire but those are the rare exceptions. Most young people can`t afford to start businesses because they are loaded up with college debt.

Related stocks: Facebook (FB), Twitter (TWTR), LinkedIn Corp (LNKD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Government Just Made The U.S. Dollar Even Less Desirable

As if the U.S. Dollar did not have enough trouble, the government just made the U.S. Dollar even less desirable by increasing the regulatory burden on everybody around the world that makes transactions in U.S. Dollars. FATCA, the Patriot Act and all those anti money laundering laws, it is very difficult now globally to bank and transact in U.S. Dollars.

Related trading instruments: EURUSD forex cross, USDJPY forex cross, AUDUSD forex cross, GBPUSD forex cross;

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Consumer Comfort Index Is Making A Record-Breaking Losing Streak

Bloomberg`s Consumer Comfort Index fell to its lowest level since November, extending its record-breaking losing streak to nine consecutive weeks!

Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

U.S. Economy: Plunging Profits, Productivity & Rising Labor Costs

If you have plunging corporate profits, you have plunging productivity, surging labor costs, what would a rational person believe is likely to follow, layoffs! It has to happen.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.